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    Lovely Choice About New 55 $100 Montgomery Note

    Manuscript Endorsement "John T. Shaaff" T3 $100 1861 Cr. 3 PCGS Choice About New 55.
    The $100 denomination was part of the very first emission of Treasury Notes by the Confederacy in 1861 and was hurriedly printed by National Bank Note Company in March and April, 1861 after the Treasury Note portion of a larger order was subcontracted to it by ABNCo. To minimize design time, all pre-war vignettes were utilized including those of a train at a station and America (which National Bank Note Co. took time to de-federalize the vignette by removing stars from the drapery and modifying the stripes on the shield). This note was part of a second 1000 sheet shipment that barely escaped being confiscated by federal authorities in New York in late April, 1861, after hostilities had commenced. The back has an issue endorsement of John T. Shaaff who appears to have begun his service as a Captain of Co. C, 1st Regiment of the Louisiana Heavy Artillery and was serving as a Captain in the Subsistence Department by May, 1861. Based on other documents, this likely puts the place of issue as Grenada, MS. The note is darkly inked with bold colors and is free of any noteworthy condition shortcomings.
    Like so many other exceptionally fine $100 Montgomery notes, this spectacular offering probably first appeared at auction a hundred or more years ago, but its serial number was not reported. It made its first recorded appearance at a NASCA auction (division of R.M. Smythe & Co.) on 15 June 1990, consigned by Henry Hull, noted philatelist from Jacksonville, Florida. Hull also consigned, to this same sale, the $1,000 Montgomery with serial number 55, the unquestioned finest $1,000 Montgomery yet discovered. Cataloged by the astute Douglas Ball, Ph.D., who wrote that this note was "about uncirculated. Clean, tightly but completely margined." It was sold to the Honorable William H. Kelly, mayor of Asharoken, New York, who later had the distinction of selling 32 Montgomery notes at a single Heritage auction in January 2012.

    A beautiful and important addition to any Confederate collection that it is destined to join.
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    Auction Info

    Auction Dates
    April, 2020
    22nd-27th Wednesday-Monday
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